Itc reversal on capital goods

S.Mahendrakumar (ICWA Inter Student & working as an Accountant)   (33 Points)

29 June 2019  

Dear sir,

               One of my client purchase motor vehicle for his business during the financial year 2017-18 at that time we take ITC from Motor vehicle.  Now the dealer wants to sale the vehicle due to vehicle damage and loss occur.  What is the procedure to reverse the ITC.  Please guide me

Thanks & Regards

S.Mahendrakumar